Economic Adjustment and Reform in Eastern Europe and the Soviet Union

9780822308522: Hardback
Release Date: 21st February 1989

Number of Pages: 500

Series Duke Press Policy Studies

Duke University Press Books

Economic Adjustment and Reform in Eastern Europe and the Soviet Union

Essays in Honor of Franklyn D. Holzman

Hardback / £106.00

Economic reform, structural adjustment, macroeconomic stabilization, and participation in the world economy are interconnected aspects of the same issue: the long-term economic viability of centrally planned economies in the rapidly changing economic environment of the modern world. Any economic strategy that focuses on only one or two of these aspects at the expense of the others is likely to fail; yet even strategies that build on all of these bases may well fail unless political leaders can muster exceptional skill, garner international support, and enjoy some good luck.

The contributions to this volume reflect the recent research on this issue by various specialists on the economies of the Soviet Union and Eastern Europe. Each author emphasizes macroeconomic stabilization, structural adjustment, participation in the larger world economy, or ecomonic reform.